Times of market turbulence require change—in staff, technology, marketing, and more. And change requires capital. Executives of for-profit organizations of any type typically access needed capital through investors, selling an interest in the organization. But that's not an option for executives of non-profit organizations. And, at last year's OPEN MINDS Mergers, Acquisitions & Affiliations Summit, participating investors made it clear that investing in non-profit health and human service organizations wasn't an option—with the only exception being established for-profit subsidiaries (see Four Things I Learned About Private Equity).

The Federal government is . . .

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